Did you get an amazing discount on booking a new flat? Before rejoicing, complete a few checks. Real estate experts say many developers have increased the super built-up area by 60-70%. Which simply means that if you are buying a 1,000 sq ft apartment, yourcarpet area will only be 40-30%. So, you are not actually […]
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September 7, 2015 6:00 pm
Kamat Hotels to sell Vits for 190 cr.
India’s hospitality industry has been melancholic for the past few years due to the economic slowdown that hit both business and leisure travel. Quite a few hotels ran into losses amid falling check-ins and declining room tariffs, forcing their management to restructure their debts by selling off assets. The latest entrant, VITS, launched in 2007, […]
September 7, 2015 10:00 am
Pariniti Chopra now owns a whopping 22 cr home!
located in Khar, Mumbai, Parineeti Chopra’s house is a 4 BHK apartment and measures nearly 4000 sq ft. The actress has reportedly spent a monstrous sum of 22 crore to get hold of the spectacular pad. What’s special about the house is that it gives a stunning view of the Arabian sea! Buzz is that, […]
September 6, 2015 10:00 am
Property worth lakhs destroyed by fire in Malad (West)
As per the BMC’s Disaster Management Cell records, massive fire was reported at the Palm Springs building in Malad (W) on September 1, 2015. Smoke was seen billowing out of one of the offices on the fifth floor at 11:56 am here on Monday. No casualties were reported or nobody trapped inside as the occupants […]
September 5, 2015 6:00 pm
E-Registration: An important step towards the transparency in the realty market
In the real estate market of developing countries land dispute is one of the most common disagreement and the cases can range from illegal land sales to grabbing the land of relatives and from fake purchase to land purchase at zero price. In India the real estate market has been plagued by many of these […]
September 5, 2015 10:00 am
Tax treatment on property transactions for NRIs
Sometimes it’s good to know the tax treatment on property transactions, which depends on your tax status and account for capital gain. In the country like India the taxation of an individual is in directly proportion to the residential status that is dependent on the presence on that particular individual in the country. However; in […]
September 4, 2015 6:00 pm
Now, no NOCs for property registration
The common man in Punjab can now be relieved as the practice of procuring a no objection certificate (NOC) from the local body or housing development authority for the registration of sale deeds of property has been abolished. Instead, the seller will have to give a declaration regarding the property being within municipal limits and […]
September 4, 2015 10:30 am
Aishwarya Rai Bachchan buys luxury home worth 21 cr.
Mumbai’s burgeoning Central Business District, Bandra-Kurla Complex is fast becoming a promising destination for many super wealthy who have begun purchasing luxury flats here. The area is emerging as an enclave that is already a home to many industrialists and celebrities. Industrialists like Gautam Adani, Vikram Pandit and Kishore Lulla already own property here. And […]
September 3, 2015 6:00 pm
Now onwards, property brokers will be the part of Central Advisory Council
Recently, the central government of India has made a crucial amendment in the CAC (Central Advisory Council) and according to new amendment real estate agents will be the part of Central Advisory Council, which is involve in helping the government to understand the issues related to the Indian real estate sector. This new amendment has […]
September 3, 2015 10:30 am
India’s ‘Most Wanted’ owns property worth $77 million in Mumbai!
In a sensational revelation to the media, it has been learned that the person who tops India’s Most Wanted list – Dawood Ibrahim, reportedly possesses properties worth $77 million approximately (500 crore Indian rupees) in Mumbai – India’s financial hub. According to media reports, Dawood Ibrahim is believed to be living in the United Arab […]